Archive for December, 2014

Southwestern Agrees To Second Marcellus Acquisition This Month

Southwestern Energy Co., Houston, has agreed to acquire 20% of the Marcellus shale assets belonging to Statoil ASAfor $394 million. The assets encompass an additional 30,000 net acres producing 29 MMcfed of natural gas as of October in West Virginia and southwest Pennsylvania. The deal increases Southwestern’s overall…

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OPEC Will Lose Its Gamble Against Fracking

This month, the OnCue Express gas station in Oklahoma City lowered its price for a gallon of regular gas to $1.99. Nationwide, the average price is $2.41 per gallon, down from a high of $3.70 the end of April. Gas prices are the lowest they have been in five years and are expected to decline […]

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Oil prices likely to rebound in second half of 2015: Reuters poll

(Reuters) – Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC’s decision not to cut output, a Reuters monthly survey showed. The Organization of the Petroleum Exporting Countries’ agreement last month to stand pat on output meant the…

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Where will the oil price settle?

But – and please don’t hesitate to correct me if I am wrong about this as well – I don’t pretend to be delivering Mosaic tablets. I aspire to the composition of digital chip wrapping (pun intended). So here we go, with a few hazy and random reflections about oil, based on assorted conversations with […]

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Is the Oil Scare Over for the Stock Market?

Crashing oil prices looked like the black death for the stock market. Then the market had its best two days of the year and is now back in record territory….

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Global Stocks Gain Fourth Day as Oil, Ruble Advance; Yen Falls

(Bloomberg) — A gauge of global stocks advanced for a fourth day, led by energy producers as crude rallied. The ruble strengthened, the yen weakened and German two-year note yields approached a record low. The MSCI All-Country World Index rose 0.3 percent at 10:56 a.m. in London, and the Stoxx Europe 600 Index added 0.6 […]

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Despite Lower Crude Oil Prices, U.S. Crude Oil Production Expected to Grow in 2015

The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA’s Drilling Productivity Report (DPR) includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. oil production. Analyzing these indicators and the changes in oil production following the […]

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Brent Rises to Nearly $62

Saudi Arabia’s oil minister, Ali al-Naimi, said on Sunday that lower crude prices would help demand by stimulating the economy and slow down supply growth. “The market has calmed down and it is forming a short-term base above $60, and it’s to be expected that there would be a bit of a rebound after such […]

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Why Oil Is Down by Half, and What it Means to You

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $56, down from a summer high of […]

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Housing Outlook 2015: 11 Predictions From The Experts

No one doubts Governor Andrew Cuomo’s concern for the well-being of New Yorkers. It’s just not clear that a ban on fracking protects it — or how the ban can help make fracking safer and less destructive in…

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